Piper Sandler analyst Mark Lear maintains $Coterra Energy (CTRA.US)$ with a buy rating, and adjusts the target price from $31 to $32.
According to TipRanks data, the analyst has a success rate of 51.6% and a total average return of 6.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Coterra Energy (CTRA.US)$'s main analysts recently are as follows:
Coterra Energy's operational and financial performance continues to impress, yet the company appears to undermine its achievements with its communication regarding mergers and acquisitions. The company notably responded to an unasked question by emphasizing certain conditions under which it would consider extending its reach in terms of acquisitions.
Coterra Energy delivered another robust operational quarter, surpassing both its own forecasts and market projections on oil and total volumes, while also reducing capital expenditure.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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